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Mercury General MCY Property & Casualty — Loss adjustment expenses
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Where this comes from
Reported directly by Mercury General in its filing.
Tagged under the XBRL concept mcy:ClaimsAdjustmentExpenseIncurredClaims.
The source filing: Mercury General’s 10-Q, filed May 5, 2026.
- Filed
- May 5, 2026, 4:12 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000064996-26-000014
| Line item | Three Months Ended March 31, 2026 / Property & Casualty | Three Months Ended March 31, 2026 / Other | Three Months Ended March 31, 2026 / Total | Three Months Ended March 31, 2025 / Property & Casualty | Three Months Ended March 31, 2025 / Other | Three Months Ended March 31, 2025 / Total |
|---|---|---|---|---|---|---|
| Net premiums earned | $1,445.1 | $7.3 | $1,452.4 | $1,275.8 | $7.3 | $1,283.1 |
| Less: | ||||||
| Losses | 792.7 | 4.0 | 796.7 | 1,065.6 | 3.7 | 1,069.3 |
| Loss adjustment expenses | 135.7 | 0.5 | 136.2 | 151.0 | 0.5 | 151.5 |
| Losses and loss adjustment expenses | 928.4 | 4.5 | 932.9 | 1,216.6 | 4.2 | 1,220.8 |
| Policy acquisition costs | 237.8 | 2.7 | 240.5 | 225.8 | 2.9 | 228.7 |
| Other operating expenses | 123.1 | 0.8 | 123.9 | 78.9 | 0.6 | 79.5 |
| Underwriting gain (loss) | 155.8 | (0.7) | 155.1 | (245.5) | (0.4) | (245.9) |
Item 1. Financial Statements
FAQ
- What is Mercury General's property & casualty — loss adjustment expenses?
- Mercury General (MCY) reported property & casualty — loss adjustment expenses of $135.7M in Q1 2026.
- How has Mercury General's property & casualty — loss adjustment expenses changed year-over-year?
- Mercury General's property & casualty — loss adjustment expenses decreased by 10.1% year-over-year, from $151M to $135.7M.
- What is the long-term trend for Mercury General's property & casualty — loss adjustment expenses?
- Over 3 years (2022 to 2025), Mercury General's property & casualty — loss adjustment expenses has grown at a 7.0% compound annual growth rate (CAGR), from $495.9M to $607.6M.
- What does property & casualty — loss adjustment expenses mean?
- Costs incurred in the process of investigating, adjusting, and settling insurance claims. These expenses are essential for managing the claims lifecycle and directly impact the overall combined ratio.
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